Chase Slate Credit Outlook Survey reveals Instagram spending habits and more

- You know it takes money to make those Instagram posts stand out, but how much?

Brittney Castro, a financial advisor and Chase Slate Financial Education Ambassador, joined us to discuss some of the interesting tidbits found in this year's Chase Slate Credit Outlook Survey.

Findings from the Chase Credit Outlook Survey showed that more than 3 in 4 millennials (77%) have made a purchase and posted it on Instagram in the last six months. It also found that millennials are willing to spend $137 for the perfect Instagram post and that they have spent up to $212 for it.

But this behavior isn’t exclusive just to millennials because findings revealed that the general population had spent up $378 for the perfect ‘gram, said Castro.

According to the Credit Outlook Survey, the most common purchases that millennials have made and posted on their Instagram accounts are travel (55%), events and experiences (44%), food (53%) and clothing and accessories (29%).

What's also interesting about these findings is that although millennials seem to be financially invested in keeping up their desired Instagram lifestyle, the Chase Slate Credit Outlook Survey showed that they seem to be equally invested and proactive about managing their money responsibly.

Castro said the survey showed that 59% of millennials are successfully saving -- while 64% of them have a plan in place to improve their credit score over the next year. 

Watch the full interview above, and check out our Facebook Live with Castro where we discuss credit scores and how to build your score.

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